VR Logo

4 star

Kotak Credit Risk Fund - Direct Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.42 0.08 0.29 0.12 1.77 4.74 7.29 7.73 8.75 9.33 --
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 --
Debt: Credit Risk -0.31 0.02 0.18 1.05 2.56 0.88 0.57 1.80 4.62 6.98 --
Rank within category 9 4 3 18 15 7 8 4 3 2 --
Number of funds in category 18 18 18 18 18 18 18 16 15 6 0

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.29 7.73 8.75 0.67 1,905
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 10.94 8.99 9.17 0.96 6,563
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 10.54 8.11 9.01 1.13 6,189
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.67 7.72 8.56 0.93 3,721
IDFC Credit Risk Fund - Direct Plan
5 star
Mar-17 8.66 7.77 -- 0.66 795

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.61 (24-Mar-2020 - 31-Mar-2020) -2.13 (22-Apr-2020 - 29-Apr-2020)
Month 3.07 (10-Jun-2020 - 10-Jul-2020) -3.50 (25-Feb-2020 - 26-Mar-2020)
Quarter 5.26 (29-Apr-2020 - 29-Jul-2020) -2.95 (20-May-2013 - 19-Aug-2013)
Year 13.59 (24-Nov-2015 - 24-Nov-2016) 5.48 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.69 2.71 0.97 0.93 -1.85 0.48
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Credit Risk 2.00 6.58 0.06 0.24 -3.11 -6.66
Rank within category 2 4 4 5 7 6
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 51 91 46 26
Modified Duration (yrs) 2.11 2.39 1.80 1.63
Average Maturity (yrs) 2.93 3.39 2.39 1.97
Yield to Maturity (%) 9.16 11.16 8.49 7.97
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.23% Talwandi Sabo Power 30/07/2021 Debenture AA 3.71 - 9.88 9.88
equal 10.90% Punjab & Sind Bank 31/12/2099 Bonds A- 0.00 - 7.21 7.21
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 2.03 - 5.64 5.64
equal 8.70% Future Lifestyle Fashion 2022 Bonds/Debentures BBB- 0.00 - 5.22 5.22
equal 9.75% Uttar Pradesh Power Corporation 20/10/2021 Debenture A+ 1.76 - 4.91 4.91
equal 10.99% Union Bank of India 31/08/2050 Bonds A+ 0.00 - 6.97 4.72
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 4.33 4.33
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 3.96 3.96
down 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 3.05 - 5.60 3.54
equal 9.20% Union Bank of India Bonds/Debentures A+ 0.00 - 3.45 3.45
equal 7.43% National Bank Agr. Rur. Devp 31/01/2030 Debenture AAA 0.00 - 2.77 2.76
up 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 2.70 2.70
new 7.25% NUVOCO Vistas Corp. 25/09/2023 Debenture AA 0.00 - 2.62 2.62
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 2.60 2.60
equal 6.12% Karnataka State 22/07/2027 State Development Loan SOV 0.00 - 2.57 2.56
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA 1.52 - 2.80 2.33
equal 10.15% Uttar Pradesh Power Corporation 20/01/2022 Debenture A+ 0.80 - 2.25 2.25
equal 7.05% Power Finance Corp. 2030 Debenture AAA 0.00 - 2.07 2.07
equal 6.57% Gujarat State 2029 State Development Loan SOV 0.00 - 1.57 1.55
equal 6.87% National Bank Agr. Rur. Devp 2030 Bonds/NCDs AAA 0.00 - 1.34 1.33
new 6.50% Power Finance Corp. 17/09/2025 Non Convertible Debenture AAA 0.00 - 1.32 1.32
equal 6.57% National Bank Agr. Rur. Devp 2027 Debenture AAA 0.00 - 1.33 1.32
equal 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 1.20 - 2.34 1.23
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 6.35 1.16
equal 6.97% Maharashtra State 18/02/2028 State Development Loan SOV 0.00 - 1.07 1.07

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Deepak Agrawal since 01-Jan-2013

Education: Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.

Experience: He has been associated with Kotak AMC since 2000.

Funds Managed:


0.08%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 24.4124

Dividend Yearly: ₹ 18.3361

More

Dividend Weekly: ₹ 10.3633

Dividend Quarterly: ₹ 10.2113

Dividend Monthly: ₹ 10.4522


Investment Strategy

The scheme seeks to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA rated and below corporate securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load For units in excess of 6% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.19%
Benchmark: NIFTY Credit Risk Bond TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,905 Cr (As on 30-Sep-2020)
Expense: 0.67% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly12-Oct-20200.1071

 14-Sep-20200.0961
 12-Aug-20200.0559
 13-Jul-20200.1610
 12-Feb-20200.1149
 13-Jan-20200.0790
 12-Dec-20190.0377
 13-Nov-20190.0817
 15-Oct-20190.0537
 14-Oct-20190.0537
 12-Sep-20190.0696
 13-Aug-20190.0704
 12-Jul-20190.0722
 12-Jun-20190.0749
 13-May-20190.0347
 12-Apr-20190.0607
 12-Mar-20190.0473
 12-Feb-20190.0371
 14-Jan-20190.0838
 12-Dec-20180.0736
 12-Nov-20180.0497
 12-Oct-20180.0361
 12-Sep-20180.0039
 13-Aug-20180.0620
 12-Jul-20180.0798
Dividend Weekly13-Oct-20200.0691

 06-Oct-20200.0006
 29-Sep-20200.0240
 22-Sep-20200.0122
 15-Sep-20200.0034
 08-Sep-20200.0467
 01-Sep-20200.0276
 18-Aug-20200.0196
 11-Aug-20200.0175
 04-Aug-20200.0223
 28-Jul-20200.0118
 21-Jul-20200.0015
 14-Jul-20200.0838
 07-Jul-20200.0370
 25-Feb-20200.0117
 18-Feb-20200.0189
 11-Feb-20200.0551
 04-Feb-20200.0200
 28-Jan-20200.0234
 21-Jan-20200.0113
 14-Jan-20200.0112
 07-Jan-20200.0233
 31-Dec-20190.0110
 24-Dec-20190.0118
 03-Dec-20190.0121
Dividend Quarterly21-Sep-20200.3350

 22-Jun-20200.1766
 20-Mar-20200.0577
 20-Dec-20190.1762
 20-Sep-20190.1870
 20-Jun-20190.1477
 20-Mar-20190.1384
 20-Dec-20180.1486
 21-Sep-20180.1194
 20-Jun-20180.0536
 20-Mar-20180.1018
 20-Dec-20170.0875
 20-Sep-20170.1303
 20-Jun-20170.1968
 20-Mar-20170.0891
 20-Dec-20160.0808

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: http://www.kotakmutual.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

VR Helpline

Planning your portfolio

dateSaturday, 24-Oct-2020
time04:00 PM - 04:30 PM